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Blog
– The Role of Inequality and Institutions
27 August 2014 Vladimir Popov Modern economic growth started in the West, not because of the efficiency of various capitalist institutions (elimination of serfdom, free cities, universities). It was the redistribution of wealth and income (enclosure in Britain) that resulted in an increase in...
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by James K. Galbraith I t is well-known that economic inequality rose drastically in Russia during the transition (Sheviakov and Kiruta 2001). For China, Khan et al. (1999) report a 42.5% increase in a Gini measure of household income inequality in China between 1988 and 1995 alone. But the...
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